Short Interest in iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Decreases By 32.5%
by Scott Moore · The Cerbat GemiShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU – Get Free Report) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 85,916 shares, a decline of 32.5% from the March 15th total of 127,362 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 1,012,171 shares, the days-to-cover ratio is presently 0.1 days.
iShares iBonds Dec 2029 Term Corporate ETF Stock Performance
Shares of IBDU traded down $0.02 on Thursday, hitting $23.27. 1,534,062 shares of the stock traded hands, compared to its average volume of 820,280. iShares iBonds Dec 2029 Term Corporate ETF has a 1 year low of $22.90 and a 1 year high of $23.65. The stock’s 50 day moving average is $23.34 and its two-hundred day moving average is $23.40.
Institutional Trading of iShares iBonds Dec 2029 Term Corporate ETF
A number of hedge funds have recently added to or reduced their stakes in IBDU. Burkett Financial Services LLC acquired a new position in iShares iBonds Dec 2029 Term Corporate ETF during the fourth quarter valued at approximately $49,000. High Note Wealth LLC acquired a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 4th quarter valued at $105,000. GAMMA Investing LLC boosted its position in iShares iBonds Dec 2029 Term Corporate ETF by 9.4% during the 4th quarter. GAMMA Investing LLC now owns 5,284 shares of the company’s stock worth $124,000 after purchasing an additional 452 shares during the period. BOKF NA purchased a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the 4th quarter worth $126,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in iShares iBonds Dec 2029 Term Corporate ETF in the 4th quarter valued at $132,000.
About iShares iBonds Dec 2029 Term Corporate ETF
The iShares iBonds Dec 2029 Term Corporate ETF (IBDU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index of USD-denominated, investment-grade corporate bonds maturing between Jan 1 and Dec 15, 2029. IBDU was launched on Sep 17, 2019 and is managed by BlackRock.